Read on to find out more about study loans which you could take up from a variety of banks so that you can hop onto your next few years of college life with less financial burdens and pressure.
August comes in a few months’ time, and it is the time of the year where almost 18,000 freshmen will matriculate and enrol into a university in Singapore.
You may be looking out for ways to better finance this next step in your life and make your educational and career dreams become a reality. In fact, for many students, a tuition fee loan is not the only loan which you may consider when taking out a loan for school. There is also a wide array ofA student loan works about the same way as a personal loan – where one borrows a sum of money, typically from a bank in Singapore, and it will have to be repaid with interest, usually in monthly instalments over the course of a few months or years.
However, there is also another fee which you may be less familiar with: the processing fee. Most of the banks in Singapore charge a processing fee of around 1.50% to 2.50%, and that could add up, especially with a high loan amount.
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